QualityStocksNewsBreaks – Kura Sushi USA Inc. (NASDAQ: KRUS) Secures $57M in Underwritten Public Offering
Kura Sushi USA (NASDAQ: KRUS), a fast-growing technology enabled Japanese restaurant concept, has closed an underwritten public offering of 1,265,000 shares of its Class A common stock, which includes 165,000 shares per the full exercise of the over-allotment option granted to the underwriters. The company secured approximately $57 million in gross proceeds, with each of the shares sold at a public offering price of $45.00. Kura Sushi USA anticipates using proceeds from the offering for general corporate purposes, including capital expenditures, the repayment of the indebtedness outstanding under its existing revolving credit agreement with its parent company, working capital, as…
